Accenture Plc (ACN) Holdings Up in Latest Report from Capital Research Global Investors

Capital Research Global Investors reports that it bought 151,283 shares during the last quarter increasing its exposure to Accenture Plc by 0.5%. Its investment was valued at $3,870,151,000 an increase of $345,068,000 as of the end of the quarter.

Capital Research Global Investors isn’t the only one who has changed their investment in ACN. As of quarter end Grantham, Mayo, Van Otterloo & Co. LLC had sold 393,103 shares trimming its holdings by 14.1%. The value of the investment in ACN went from $345,867,000 to $324,623,000 a change of $21,244,000 quarter over quarter. As of the end of the quarter Henderson Group Plc had acquired a total of 2,395,811 shares growing its stake by 2,501.1%. The value of the investment in (ACN) increased from $11,484,000 to $336,537,000 a change of 2,830.5% since the last quarter.

As of quarter end Tiaa Cref Investment Management LLC had disposed of a total of 221,547 shares trimming its position 6.3%. The value of the total investment in Accenture Plc went from $434,390,000 to $444,470,000 increasing 2.3% for the reporting period.

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Pivotal Research released guidance on ACN by announcing an initial rating of “Buy”. On November 3 Stifel Nicolaus held the stock rating at “Buy” projecting a price of $150.00.

October 29 investment analysts at KeyCorp held the company rating at “Buy” targeting a price of $149.00. On October 23, 2017 Cowen and Company updated coverage of ACN stating a rating of “Buy” and projecting a price target of $150.00.

October 3 investment analysts at Susquehanna Bancshares maintained a stock rating of “Neutral” with a current price target of $144.00. Equity analyst SunTrust Banks released a research note on ACN with a rating of “Hold” and setting a price target of $130.00.

In the market the company is trading up by 0.83% percent from yesterday’s close. The P/E ratio is 26.74 and market capitalization is 93.25B. As of the latest earnings report the EPS was $5.44 with 639.45M shares currently outstanding.

Traders are more bullish on the company recently if you pay attention to the decrease in short interest. The company experienced a fall in short interest of -2.06% between October 13, 2017 and October 31, 2017. Short shares decreased 193,235 over that timeframe. The days to cover decreased to 5.0 and the short interest percentage is 0.01% as of October 31.